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Will the Healthcare Reform launch by October 1st, 2013?

According to Kaiser Family Foundation on NBC News, 70% of the population surveyed was “very or somewhat worried about paying for more health insurance” while 62% were “confused about the new healthcare reform law”.

While the Republicans own the House of Representatives and the Democrats own the Senate, both refuse to budge in negotiations and cannot come to common terms. The house refuses to pay the funds needed to enact the new healthcare reform law while the senate refuses to renegotiate certain parts of the bill.

The conflict between the two sides results in an “all-or-nothing” stand off. Both the House and Senate need to agree on terms by October 1st, 2013 or else many government employees will be forced to start taking furloughs (leave of absence without pay).

Kathleen Sebelius, Health and Human Services Secretary, helps clear up some key questions about the new health insurance policies available.

  • 6/10 families will qualify for the choice of purchasing a policy under $100 per month. This insurance plan offers limited services. In this insurance plan, policyholders will be expected to pay a deductible of $5,000 – $6,000 (amount paid from out-of-pocket before health insurance will cover policy holder).
  • A successful (goal) of healthcare reform will be to have at least 70 million people insured by March 14th, 2014. The participation level of the US citizens determines whether or not we are able to achieve this goal in the new healthcare reform plan.

Deadlines if the bill is funded:

  • Citizens may start to purchase the low new cost health insurance plans on October 1st, 2013
  • Benefits do not start until January 1st, 2014
  • All citizens must have a health insurance plan by March 31st, 2014 or will fined.
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